MCR Stock Summary and Trading Ideas (MFS Charter Income Trust | NYSE:MCR)

The fund’s investment objective is to seek high current income, but may also consider capital appreciation. MFS normally invests the fund’s assets primarily in debt instruments. MFS normally invests the fund’s assets in corporate bonds of US and/or foreign issuers, US Government securities, foreign government securities, mortgage-backed and other asset-backed securities of US and/or foreign issuers, and/or debt instruments of issuers located in emerging market countries. MFS allocates the fund’s assets across these categories with a view toward broad diversification across and within these categories.

MFS Charter Income Trust trades on the NYSE stock market under the symbol MCR.

As of April 18, 2024, MCR stock price climbed to $6.07 with 8,728 million shares trading.

MCR has a beta of 0.65, meaning it tends to be less sensitive to market movements. MCR has a correlation of 0.49 to the broad based SPY ETF.

MCR has a market cap of $257.08 million. This is considered a Small Cap stock.

In the last 3 years, MCR stock traded as high as $9.00 and as low as $5.64.

MCR has underperformed the market in the last year with a return of +6.1%, while the SPY ETF gained +23.1%. In the last 3 month period, MCR fell short of the market, returning -1.8%, while SPY returned +6.8%. However, in the most recent 2 weeks MCR has outperformed the stock market by returning -2.8%, while SPY returned -3.2%.

MCR support price is $6.02 and resistance is $6.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MCR stock will trade within this expected range on the day.